Austin Wen's FINA4920-Assign2Template

# Austin Wen's FINA4920-Assign2Template - StudentName...

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Student Name Austin Wen Contents Date Created Date Modified Question Answer 1 5.67% 2 a 0.6667% b 8.31142% 3 a 12.89% b 13.00% c 12.749685157937600% d 12.36% e Loan d 4 a  \$50,978.67  b  \$60,000.00  c 6% d 10% 5 2.6739%

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Question 1 PV -\$25,000 FV \$29,500 Rate nper 3 0  \$-25,000.00  1  \$-    2  \$-    3  \$29,500.00  5.67218% A B 1 2 3 4 5 6 7 8 9 10 11 12 13
Question 2 Loan principal  \$100,000.00  Loan term (years) 20 Quoted interest rate 8% Discount points 1 Origination fee 0.08% Initial amount of loan, net of fees \$98,920.00 Monthly payment -\$827.41 Monthly interest rate 0.667% EAR 8.311%

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Question 3 a. Interest rate 12.5% # compounding periods per year 2 EAR 12.89% b. Interest rate 13.0% Number of compounding periods per year 1.00 EAR 13.00% c. Interest rate 12.0% # compounding periods per year EAR 12.7496851579376% d. Interest rate for 6 months 6.0% # compounding periods per year 2 EAR 12.36% if statement Loan d
1.13 0.13

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## This note was uploaded on 06/06/2011 for the course STAT 4290 taught by Professor Lazar during the Spring '11 term at University of Georgia Athens.

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Austin Wen's FINA4920-Assign2Template - StudentName...

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